The bill requires nonprofit hospitals (hospitals) to use 340B profits
to decrease out-of-pocket costs for low-income patients.
The bill requires entities covered under the federal 340B drug
pricing program that are hospitals licensed by the state to report information related to their participation in the 340B program, their use of 340B program profits, their provision of charity care, their payments to third parties for 340B program-related services and compliance, and their use of contract pharmacies.
